Solenoid Valve Market is predicted to reach USD 4.60 Billion at a CAGR of 4.60% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the "Global Solenoid Valve Market".

MRFR recognizes the following companies as the key players in the global Solenoid Valve market— CKD Corporation, Emerson Electric Corporation, Kendrion, GF Piping, IMI Precision Engineering, Danfoss Industries Ltd., Curtiss Wright Corporation, Parker Hannifin Corporation, ASCO Valves Inc., Rotex SAutomation, SMC Corporation, The Lee Company .

Market Highlights

The global Solenoid Valve market is accounted to register a CAGR of 4.60% during the forecast period and is estimated to reach USD 4.60 Billion by 2032.

The Solenoid Valve Market involves the manufacturing and distribution of electromechanical devices that control the flow of fluids or gases using an electrical signal. These valves find applications in various industries, such as automation, automotive, water and wastewater treatment, and healthcare, for their reliable and efficient operation. The market growth is driven by increased automation and industrialization across different sectors.

Segment Analysis

The global Solenoid Valve market has been segmented based on Type, Application and Function.

On the basis of Type, the market is segmented into direct-acting valves and pilot-operating valves. Due to their straightforward operating principle, the direct-acting valve segment dominates the market and holds the biggest market share.

Based on Application, the global Solenoid Valve market has been segmented into oil & gas, chemical & petrochemical, power generation, pharmaceutical, automotive, medical, and others. The solenoid valves play a crucial role in controlling gases, liquids, steam, or chemical compounds by controlling flow level and pressure and distributing the energy of pressure differentials to maintain the integrity of the process in the chemical and petrochemical industry, which is why this category dominates the market.

Based on Function, the global Solenoid Valve market has been segmented into 2-way, 3-way, 4-way, and 5-way. Due to its great corrosion resistance and attractive look, the 2-way sector dominates the market and holds the largest share.

Regional Analysis

The global Solenoid Valve market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Solenoid Valve market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Solenoid Valve market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Solenoid Valve market comprises of Middle East, Africa, and Latin America.

The North American Solenoid Valve Market dominated this market in 2022 the market as a result of the rising applications in sectors including water treatment, chemical, food & beverage, oil & gas, and sophisticated fluid automation technology adoption. To cut labour costs and boost productivity, end-user industries' manufacturing facilities are updating numerous production procedures.

Additionally, the second-largest market share for Solenoid Valve is held by Asia-Pacific. due to the opportunities provided by the many end-use sectors and the clearly expanding demand for solenoid valves. Additionally, the Indian solenoid valve market was the fastest-growing market in the Asia-Pacific region, while China's solenoid valve market had the biggest market share.

Moreover, From 2023 to 2032, the solenoid valve market in Europe is anticipated to experience the fastest CAGR growth. This is because of the increased demand for food, drink, and medical services brought on by the rigorous rules and regulations. Additionally, the German solenoid valve market was the fastest-growing market in the European region, while the UK solenoid valve market had the biggest market share.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Solenoid Valve Market Research Report

Key Findings of the Study

• The global Solenoid Valve market is expected to reach USD 4.60 Billion by 2032, at a CAGR of 4.60% during the forecast period.


• The North American Solenoid Valve Market dominated this market in 2022 the market as a result of the rising applications in sectors including water treatment, chemical, food & beverage, oil & gas, and sophisticated fluid automation technology adoption.


• Based on Function, the 2-way sector dominates the market and holds the largest share due to its great corrosion resistance and attractive look.


• CKD Corporation, Emerson Electric Corporation, Kendrion, GF Piping, IMI Precision Engineering, Danfoss Industries Ltd., Curtiss Wright Corporation, Parker Hannifin Corporation, ASCO Valves Inc., Rotex SAutomation, SMC Corporation, The Lee Company .